Vyapar Loan

Purpose

For the working capital/any business purpose requirements of the business concern.
And also, for the construction of shop in the pre-owned land or for purchase of ready built shop/ commercial space for business

Eligibility

Retail Traders/Wholesale Traders
Contractors
Professional and self employed
Micro, Small & Medium Enterprises Service/ Manufacturing concerns

(Borrowers satisfactorily engaged in trading/ business activity for a period atleast 1 year prior to seeking credit under the scheme and having earned cash profit during the period )

Newly Established Entity /Venture are also eligible for credit facilities under the scheme based on merits and on a case to case basis.
Credit facility against agricultural property is strictly not permitted. Credit facility shall not be permitted against security of immovable property wherein Educational/ Religious Institutions are located. Vacant land may preferably be not taken as security under the scheme.
The property of following close relatives may be considered subject to becoming of their co-borrower in the facility

Spouse	Father	Mother	Son	Son’s Wife
Daughter	Daughter’s Husband	Brother	Brother’s Wife	Sister
Sister’s Husband	Spouse’s Brother	Spouse’s Sister	Spouse’s Mother	Spouse’s Father

Quantum of Finance

Minimum: Rs 5 lacs,
Maximum: Rs 500 lacs. (For purchase/construction of shop maximum finance is Rs 200 lacs)
(With deviations maximum finance can be upto Rs 1000 lacs)

Quantum of Finance is subject to

MPBF can be upto 20% of the projected turnover subject to the condition that projected turnover shall not exceed 25% annual turnover of the previous year. Or, Maximum Permissible Bank Finance can be upto 25% of the actual turnover.
MPBF is subject to maximum of 65% of realizable value of immovable property.
Security in the form of NSCs (Margin 25%) /Bank’s Own Deposits (Margin 10%) /LIC Policies (Margin 10%) may be taken to supplement the overall security requirements.

Rate of Interest

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Processing charges:

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Repayment

Term Loan:Repayable in maximum upto 10 years, including moratorium period of maximum of 12 M
Working Capital Term Loan: Repayable in maximum upto 5 years, subject to annual review.
Overdraft Facility: Repayable on demand. Interest shall be recovered immediately when due.

Guarantee

Personal guarantee of owners of property, spouse/ major son of prop., directors/partners

Concession in ROI for MSMEs Only

Concession of 1.00% in RoI for cases, where after maintaining the stipulated margin requirements, the residual portion of the security offered as primary security to the credit facility is available to the tune of 100% or more
Concession of 0.25% in RoI for cases, where external credit rating is 1 to 4 by SMERA, ICRA, ONICRA or CRISIL
Concession of 0.25% in RoI if account is classified under Priority Sector Advances.

The maximum concessions in RoI under any of the Scheme shall not exceed 1.25% in any case.

For Hot Listing (Blocking)
ATM/Rupay Cards
(By SMS) 9223815844

For Debit Freeze Account
(By SMS) 8828837411

For Phone Banking Services
(Call) 1800-22-1908

For Balance Enquiry
(By Missed Call) 7039035156 (Toll Free)

All India Toll Free 1800-419-8300

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PSB Vyapar